The government has given the green light to the strategic plan for the agro-food sector, with €1 billion in public investment from European funds. A further €2 billion in private investment is expected to be attracted. This is the fourth recovery plan of the Spanish government and a fifth one will be approved this Q1.
Fig. 1. Recovery plan’s priorities for the agro-food sector
The first one is a specific support package for the agri-food industries, endowed with €400 million, aimed at improving production processes in order to increase the competitiveness, sustainability and traceability of their products.
The second includes support measures for digitalization, endowed with €454.35 million. It is aimed at supporting the digital adaptation process of all operators in the value chain.
The last priority includes specific measures to support innovation and research and has an allocation of €148.56 million (Fig. 2).
Fig. 2. Public funding allocation by agro-food priorities
The Recovery Strategic Plan for the agro-food sector in Spanish here: https://bit.ly/3I7Hqjv
Spanish Strategic Plans
The Spanish government has so far approved three other projects of this nature: for the development of the electric vehicle, for cutting-edge health and for renewable energy. In the first quarter of 2022, another plan will be approved to digitize the water sector. The tourism sector (with a weight in the national GDP of 13% before the pandemic) has also applied for a project without success up to now.
Background info on the European Recovery Fund in Spain: